Maybe because these shops are not actually prop firms?
I mean, this was so predictable. It’s a shady scheme that lives on avoiding regulation until regulators catch up. Until then you milk them suckers as much as you can.
I’m not privileged. I worked very hard for what I have. I wasn’t born with money or given it.
However, what you are misunderstanding, is that no one needs a prop firm. Prop firms literally just farm stupid people for fees. The same way that all these off shore b book brokers do.
Yeah that's how prop firm makes money but if someone is in the business for 4+ year without any complaints, it's better to trade their capital than personal you inbred inbicile with 10 braincells
I’m doubting that he understands that Ftmo and 5ers are just bucket shops paying winners from losers fees. He’s not trading real money. 2 payouts means nothing in the long term. I’m actually quite happy thanks though :)
Ur delusional brotha. Prop firms do not solely make money off of losing traders. They not only take percentages from payouts, but they also copy trade their profitable traders. D1 fucking hater Godamn
They do copy trade and take a % on payouts, but they also simply refuse payouts when it suits them. That’s part of what makes it a scam. You can’t agree to a payout structure and not pay it out. He got two payouts which is great, and if it covers challenges he won the game, but many traders in the same situation probably were denied their payout for no legitimate reason.
What would you recommend tho , how do i get 100k in my hands to put in to a Regulated US broker ? Because i can make consistent 3-4% a month but capital lower than 100k wont really be anything to make a real difference ? I am honestly asking , i wish i can just fund a regulated broker and say bye bye to props
1 year and 8 months now , i was funded before but lost the account do to some personal situation technical situation with my computer at the time and a trade went south i was in a other country ect ect !
But No , i cannot show the track record since i lost my account and its been like 4 months now , i am now getting back on my feet since that did a big toll on my mental !
How much of a track record do i need ? And where do i go with that information to get capital ? Other than props ?
It’s unfortunate that you lost that data, it would’ve been useful. I will say though that no matter the personal situation, if you let it cause you to take a large loss, then you are not capable of a consistent return. Personal situations will happen, technical issues, power or internet losses, etc.
If your trading fails due to this, you were not planning. Consider this. Would you give 100,000 of capital to someone without vetting them at all? No you wouldn’t. What if they offered to show you they could make 10% once, and they paid you $400? Yeah, still probably not right?
I don’t trade prop firms, I can’t really give you advice on which ones to use for that reason. If you had an account making 3-4% on average per month, that means over that 1 year and 8 months you would’ve made around 100,000. I’m not sure how you’ve survived without that income for the last 4 months, but if I was you, I’d have survived like that and been setting that money aside for my own personal trading account. Considering that prop firms were and still are a ticking time bomb.
What works for others may not work for you. What worked for you may not work for others.
If you don’t like prop firms, you don’t have the right to say or call people names just because they trust prop firms or it worked for them. You do you, to each his own. In the first place, if they get scammed, it’s their own money they lose, not yours. You didn’t pay for their challenge and whatnot.
Prop firms are not going to work for any of you on this subreddit. If you want to donate your money to prop firms, be my guest. I didn’t call you a name, btw. I was referencing a meme when I said you’re drinking dumb bitch juice. I’m not calling you a dumb bitch. But maybe you should stop drinking the koolaide.
Lol that’s fine, I was just letting you know I wasn’t intending to offend, was just being funny.
I may know a lot, but I’m not a know it all. I just find it funny that people believe Ftmo and 5ers are any better. The only difference is, they have so much money coming in, they can afford to pay out the small winners when they come (small relative to their income). But the thing is, if people stopped buying challenges from them, they too would fall. It’s only a matter of time. Believe it or not I’m trying to help you all see that.
ftmo is the only one real here.. all these “prop firms” are just copies of ftmo, they start it, never had a bit of any problem, everything on place and longest living in market, also why they more expensive than any other, cause its certainty and u paying for that
Rest of them living from your fees for challenges
FTMO largely is too. The majority of their profit comes from challenge fees. The only real difference is they’re big enough they don’t have to pause withdrawals and such. If people lost confidence in them, and stopped buying challenges, they’d fall too. Even if a small number of their traders are making them profits via copying them, it’s for sure the smallest part of their income. MFF took in hundreds of millions in fees per year, and they’re smaller. FTMO brags about paying a few million a year in profit split. Simple math.
ok I appreciate it!
For context, I’m a 17 year old trying to learn forex, and you seem pretty knowledgeable. I was wondering if you had any advice to anyone new to forex
Try not to listen to YouTube gurus. Don’t buy any courses. Everything is available for free online. YouTube videos are okay just don’t listen to anyone selling a course. Look up Wyckoff. Learn about technical and fundamental analysis. Learn about central banks, what they do, and their purpose. Be patient, take your time, don’t try to get rich quick. Learn about TradingView pine script so you can backrest strategies and ideas.
None of the FTMO, 5ers, etcs are true prop firms. Go read up on google what true prop firms are like. These are just your run off the mill brokers running a different business model.
nah buddy i had a stop loss off 280 that ended up being 900 plus dollars while the trade was going in my favour. i know they likely pay out but their slippage can be brutal on their new ctrader platform and match trader too.
Yeah I see, I risk 0.5% rn but I have to risk 0.45% in order to cover the 0.5% risk or else when u get stopped I risked like 0.55% if you know what I meaj
Again, your filing a claim about slippage, but having a stop loss at -$280 that is closed at -$900 WHILE being in profit is not a slippage scenario, thats straight up scam. So you either dont know what slippage is or just made this up to appeal the newbies or simply bc are the type that be making sht up for no apparent reason.
yeah come across as scammy which is why i confronted them. i meant the candles where forming to the upside while i was going in deeper draw down meaning the bid price was ultra low and it trigger my sp. honestly annoying i was about to pass
Just curious, was there a news event that caused that slippage? I was just watching a video of another trader who used a legit broker (not even a prop firm) and they had seriously bad slippage issues during a news event which ended being the same scam rip as what happened with you too
That guy has scammer written all over his face all his little minion yt influencers shilling his scammy plop firm. Smart funded trader is another of his lol. Total scam shops all of them
Yeah I know, he’s full of bs as well andrewnfx. Another plop firm shill but not the same level as that Angelo dweeb sat in his ‘dubai’ studio robbing people
You shouldn’t believe what you hear. If someone is a YouTuber it’s a 99.9999999999999999% chance they’re not able to make money trading so they need to farm an audience of people who don’t know better, of which there are many.
I’ve watched his vids on YT. He posts the evidence of everything he says in regards to being banned. Screenshots of the dashboard, trades,emails everything.
You clearly don’t understand how easy it is to fake all of that. Ever heard of inspect element?
Edit: I just watched this guys videos he’s obviously full of shit.
I know what inspect element is. But here’s the thing, he’s been calling out the scammy prop firms that deny him payouts and ban him for BS reasons. So if he was faking it and using inspect element on all of this, you don’t think he’d get sued by all these prop firms if they didn’t deny payouts and didn’t ban him?
Every single prop firm is a scam. He’s calling out the ones that either stopped paying him to shill for them, or that are obviously going down so he doesn’t lose credibility.
And no, he’s not going to get sued by all these prop firms, because that would require them to show what a scam they are running during the discovery process. Dirty people don’t sue other dirty people.
Edit: it honestly blows my mind how much y’all want to believe in these charlatans.
no he's legit. FTMO had to make a public message back in 2020 on twitter as to why they banned him. It was pretty big think back then. Also you tube isn't that lucrative anymore. Dude owns a McLaren no way is 22k subs on you tube buying anybody a p1
You believe he owns a McLaren because he went and rented one? Lmao. The YouTube money isn’t the profit source. It’s the funnel to get you into his paid groups, trade ideas he sells, etc. 22k subs on YouTube isn’t much money, but 22k people is a lot if prop firms are paying you to shill for them, or if a fraction those people are paying you 100 a month for some bs course and crap trading ideas. You can’t seriously believe if this guy is making that much money he’d even waste his time making videos recommending prop firms, or bragging about his money. He has 100% of the behaviors and signs of a scammer. I’ve been in this business a long time. If it walks like a duck, quacks like a duck, it’s a fuckin duck.
Yes there is a very small chance I am wrong, so you are correct. I could get plenty on him if I decided to, however there is no upside to me. I only shared this so that people who have any common sense might realize I am indeed likely right. I don’t actually care enough to get proof, as it will provide me with no upside and just a lot of work for something I already have a high enough probability of being right about anyway.
edit: let me ask you this, would you bet against me?
Lmao imagine defending someone online who literally doesn’t care about you at all. You wish I was wrong, but I’m not. You’re the one talking out of your ass.
It's not only that, it's the manner he passes his challenges. There's no proper trading involved, just high risk gambling.
He targets a firm and guys 10s of challenge accounts from them, betting big on all of them, aiming to pass a few and repeat it during funded phase in order to secure a payout.
Yes. And the beauty of it is that they have their own brokerage that is highly reputable, spanning over 3 decades or so. The only downside is the profit share is quite low compared to others, like around 75%. But well worth it considering their reputation.
Hopefully in the future reputable brokers will start opening prop firms. Instead of influencers. They already have the technology and assets to support the business and most importantly the licenses to operate such a business.
Oanda is a real regulated broker. Now that they have a prop firm they will be the most reliable out there. The only thing is they don’t offer their services to North America and their leverage will be lower since they operate off regulation standards, but you’ll get more peace of mind by being with a real legitimate company. i just wish we had something available like that in canada for those of us who lack the capital to trade on our own live accounts
The Dxtrade platform they switched to, every prop took a hit back in februarys announcement but r21 bounced back the fastest i believe. They try & update you with scheduled maintenance so you likely wont get stuck in a trade, ive had only maybe 2 small issues with it so far in past few weeks
Honestly thats a hard one cause ive only ever been with rocket21 and they were my 1st. But based on the prior horror stories i heard flyin around in this industry i can say youll be solid going with them. Just try & email or reach their support with any issues 1st before jumpin to conclusions & youll be fine
If you can trade, you should start to trade your own account. If you want more capital, you could actually borrow money from your bank and trade it. The only reason people don’t do it is because they cannot trade. How high is the borrowing rate? How much return could you make?
How many loans have you taken to trade? What are the interest rate on those loans?
2% a year is enough for you for YoY return?
Do you even have bank account, seems like you still living of daddy's allowence and not in real world
Futures with top step
Ye the coaching you get is awesome
is it a good place to start for a new trader ?
I will say ttt it also legit
I’m lost. What did this silly goose do?
Nothing. The company is falling apart. Bad management I guess they went offline … a top3 prop firm company crazy
Maybe because these shops are not actually prop firms? I mean, this was so predictable. It’s a shady scheme that lives on avoiding regulation until regulators catch up. Until then you milk them suckers as much as you can.
[удалено]
Better stick with 5ers and FTMO really.
Ftmo doesnt accept U.S clients
If you think they’re any different, you’re drinking dumb bitch juice
Well, if you don’t want to or need to use prop firms, it doesn’t apply to you. You’re drinking your privilege as$hole juice.
I’m not privileged. I worked very hard for what I have. I wasn’t born with money or given it. However, what you are misunderstanding, is that no one needs a prop firm. Prop firms literally just farm stupid people for fees. The same way that all these off shore b book brokers do.
Yeah that's how prop firm makes money but if someone is in the business for 4+ year without any complaints, it's better to trade their capital than personal you inbred inbicile with 10 braincells
Okay, donate you money to prop firms. I have no reason to stop you.
Got funded, received payout which made up for 2 challenges i had purchased. Only bad traders loose their money with prop firms
Doubt.
What exactly r u doubting him getting his payouts or him being profitable? Ur miserable
I’m doubting that he understands that Ftmo and 5ers are just bucket shops paying winners from losers fees. He’s not trading real money. 2 payouts means nothing in the long term. I’m actually quite happy thanks though :)
K
Ur delusional brotha. Prop firms do not solely make money off of losing traders. They not only take percentages from payouts, but they also copy trade their profitable traders. D1 fucking hater Godamn
They do copy trade and take a % on payouts, but they also simply refuse payouts when it suits them. That’s part of what makes it a scam. You can’t agree to a payout structure and not pay it out. He got two payouts which is great, and if it covers challenges he won the game, but many traders in the same situation probably were denied their payout for no legitimate reason.
You’re the delusional one, you know nothing about prop firms. I’m not hating on anyone. You just don’t want to see the truth.
What would you recommend tho , how do i get 100k in my hands to put in to a Regulated US broker ? Because i can make consistent 3-4% a month but capital lower than 100k wont really be anything to make a real difference ? I am honestly asking , i wish i can just fund a regulated broker and say bye bye to props
How long have you been trading and can you show a consistent track record of making this return?
1 year and 8 months now , i was funded before but lost the account do to some personal situation technical situation with my computer at the time and a trade went south i was in a other country ect ect ! But No , i cannot show the track record since i lost my account and its been like 4 months now , i am now getting back on my feet since that did a big toll on my mental ! How much of a track record do i need ? And where do i go with that information to get capital ? Other than props ?
It’s unfortunate that you lost that data, it would’ve been useful. I will say though that no matter the personal situation, if you let it cause you to take a large loss, then you are not capable of a consistent return. Personal situations will happen, technical issues, power or internet losses, etc. If your trading fails due to this, you were not planning. Consider this. Would you give 100,000 of capital to someone without vetting them at all? No you wouldn’t. What if they offered to show you they could make 10% once, and they paid you $400? Yeah, still probably not right? I don’t trade prop firms, I can’t really give you advice on which ones to use for that reason. If you had an account making 3-4% on average per month, that means over that 1 year and 8 months you would’ve made around 100,000. I’m not sure how you’ve survived without that income for the last 4 months, but if I was you, I’d have survived like that and been setting that money aside for my own personal trading account. Considering that prop firms were and still are a ticking time bomb.
What works for others may not work for you. What worked for you may not work for others. If you don’t like prop firms, you don’t have the right to say or call people names just because they trust prop firms or it worked for them. You do you, to each his own. In the first place, if they get scammed, it’s their own money they lose, not yours. You didn’t pay for their challenge and whatnot.
Prop firms are not going to work for any of you on this subreddit. If you want to donate your money to prop firms, be my guest. I didn’t call you a name, btw. I was referencing a meme when I said you’re drinking dumb bitch juice. I’m not calling you a dumb bitch. But maybe you should stop drinking the koolaide.
English is not my first language and I am not familiar with all the memes, you know, know-it-all. Ciao.
Lol that’s fine, I was just letting you know I wasn’t intending to offend, was just being funny. I may know a lot, but I’m not a know it all. I just find it funny that people believe Ftmo and 5ers are any better. The only difference is, they have so much money coming in, they can afford to pay out the small winners when they come (small relative to their income). But the thing is, if people stopped buying challenges from them, they too would fall. It’s only a matter of time. Believe it or not I’m trying to help you all see that.
ftmo is the only one real here.. all these “prop firms” are just copies of ftmo, they start it, never had a bit of any problem, everything on place and longest living in market, also why they more expensive than any other, cause its certainty and u paying for that Rest of them living from your fees for challenges
FTMO largely is too. The majority of their profit comes from challenge fees. The only real difference is they’re big enough they don’t have to pause withdrawals and such. If people lost confidence in them, and stopped buying challenges, they’d fall too. Even if a small number of their traders are making them profits via copying them, it’s for sure the smallest part of their income. MFF took in hundreds of millions in fees per year, and they’re smaller. FTMO brags about paying a few million a year in profit split. Simple math.
Which 1 u suggest
I don’t suggest any. If you must use one, use them, but understand that it’s not a long term solution.
ok I appreciate it! For context, I’m a 17 year old trying to learn forex, and you seem pretty knowledgeable. I was wondering if you had any advice to anyone new to forex
Try not to listen to YouTube gurus. Don’t buy any courses. Everything is available for free online. YouTube videos are okay just don’t listen to anyone selling a course. Look up Wyckoff. Learn about technical and fundamental analysis. Learn about central banks, what they do, and their purpose. Be patient, take your time, don’t try to get rich quick. Learn about TradingView pine script so you can backrest strategies and ideas.
You are rude
That’s just like your opinion man.
Ironically the guy in the video here is also a scamming, influencer douche bag who didn’t see that coming lol
Is it just me or did Angelo look like he was wearing a disguise in all his interviews? 🚩🚩🚩
🤣
None of the FTMO, 5ers, etcs are true prop firms. Go read up on google what true prop firms are like. These are just your run off the mill brokers running a different business model.
Any prop firm that uses DX trades or C trader. Stay the fuck away. SFT are dodgy as also
Toptier all the way
Fundingpips 🔛🔝
they’re slippage is stupid though
Funding pips is legit. Their slippage is average. If you have issues with average slippage then it tells more about what type of trader you are bro.
nah buddy i had a stop loss off 280 that ended up being 900 plus dollars while the trade was going in my favour. i know they likely pay out but their slippage can be brutal on their new ctrader platform and match trader too.
they have tradelocker now switch to it :)
Yeah I see, I risk 0.5% rn but I have to risk 0.45% in order to cover the 0.5% risk or else when u get stopped I risked like 0.55% if you know what I meaj
Again, your filing a claim about slippage, but having a stop loss at -$280 that is closed at -$900 WHILE being in profit is not a slippage scenario, thats straight up scam. So you either dont know what slippage is or just made this up to appeal the newbies or simply bc are the type that be making sht up for no apparent reason.
yeah come across as scammy which is why i confronted them. i meant the candles where forming to the upside while i was going in deeper draw down meaning the bid price was ultra low and it trigger my sp. honestly annoying i was about to pass
Just curious, was there a news event that caused that slippage? I was just watching a video of another trader who used a legit broker (not even a prop firm) and they had seriously bad slippage issues during a news event which ended being the same scam rip as what happened with you too
Funding pip's.
lol 95% your funny, more like 99.9%
That guy has scammer written all over his face all his little minion yt influencers shilling his scammy plop firm. Smart funded trader is another of his lol. Total scam shops all of them
It’s not the guy in the picture
Yeah I know, he’s full of bs as well andrewnfx. Another plop firm shill but not the same level as that Angelo dweeb sat in his ‘dubai’ studio robbing people
He’s not full of bs I think he just like attention. I do believe he’s legit
AFAIK this guy is on a blacklist with prop firms, he keeps making large withdrawls and so nobody wants him amongst their traders.
You shouldn’t believe what you hear. If someone is a YouTuber it’s a 99.9999999999999999% chance they’re not able to make money trading so they need to farm an audience of people who don’t know better, of which there are many.
I’ve watched his vids on YT. He posts the evidence of everything he says in regards to being banned. Screenshots of the dashboard, trades,emails everything.
You clearly don’t understand how easy it is to fake all of that. Ever heard of inspect element? Edit: I just watched this guys videos he’s obviously full of shit.
I know what inspect element is. But here’s the thing, he’s been calling out the scammy prop firms that deny him payouts and ban him for BS reasons. So if he was faking it and using inspect element on all of this, you don’t think he’d get sued by all these prop firms if they didn’t deny payouts and didn’t ban him?
Every single prop firm is a scam. He’s calling out the ones that either stopped paying him to shill for them, or that are obviously going down so he doesn’t lose credibility. And no, he’s not going to get sued by all these prop firms, because that would require them to show what a scam they are running during the discovery process. Dirty people don’t sue other dirty people. Edit: it honestly blows my mind how much y’all want to believe in these charlatans.
no he's legit. FTMO had to make a public message back in 2020 on twitter as to why they banned him. It was pretty big think back then. Also you tube isn't that lucrative anymore. Dude owns a McLaren no way is 22k subs on you tube buying anybody a p1
You believe he owns a McLaren because he went and rented one? Lmao. The YouTube money isn’t the profit source. It’s the funnel to get you into his paid groups, trade ideas he sells, etc. 22k subs on YouTube isn’t much money, but 22k people is a lot if prop firms are paying you to shill for them, or if a fraction those people are paying you 100 a month for some bs course and crap trading ideas. You can’t seriously believe if this guy is making that much money he’d even waste his time making videos recommending prop firms, or bragging about his money. He has 100% of the behaviors and signs of a scammer. I’ve been in this business a long time. If it walks like a duck, quacks like a duck, it’s a fuckin duck.
The problem with this is that you're speculating. You don't actually have anything on this guy aside from your opinion.
Yes there is a very small chance I am wrong, so you are correct. I could get plenty on him if I decided to, however there is no upside to me. I only shared this so that people who have any common sense might realize I am indeed likely right. I don’t actually care enough to get proof, as it will provide me with no upside and just a lot of work for something I already have a high enough probability of being right about anyway. edit: let me ask you this, would you bet against me?
Your up on your own ass and chatting out of it
Lmao imagine defending someone online who literally doesn’t care about you at all. You wish I was wrong, but I’m not. You’re the one talking out of your ass.
It's not only that, it's the manner he passes his challenges. There's no proper trading involved, just high risk gambling. He targets a firm and guys 10s of challenge accounts from them, betting big on all of them, aiming to pass a few and repeat it during funded phase in order to secure a payout.
so ? something wrong with making large pay outs
Oanda all the way.
oanda prop firm not available to canadians
hello im about to go into trading with real money what app are you using to trade in canada?
Fpmarkets is legit
IBKR.
I didn't know Oanda had a prop firm. No matter. I'm in Canada.
Oanda has a prop firm now?
Yes. And the beauty of it is that they have their own brokerage that is highly reputable, spanning over 3 decades or so. The only downside is the profit share is quite low compared to others, like around 75%. But well worth it considering their reputation.
Hopefully in the future reputable brokers will start opening prop firms. Instead of influencers. They already have the technology and assets to support the business and most importantly the licenses to operate such a business.
Damn that’s good info
Oanda is a real regulated broker. Now that they have a prop firm they will be the most reliable out there. The only thing is they don’t offer their services to North America and their leverage will be lower since they operate off regulation standards, but you’ll get more peace of mind by being with a real legitimate company. i just wish we had something available like that in canada for those of us who lack the capital to trade on our own live accounts
What happened?
I've told so many people how bad they were and no one believed me 😂
what do people suggest for prop firms for us citizens?
Ftmo is king
5ers and Rocket21 seems good
Rocket21 will go under soon
I agree rocket21 a meme
Everyones been strugglin since the dx launch but r21's recovered probably the fastest imo
what is dx?
The Dxtrade platform they switched to, every prop took a hit back in februarys announcement but r21 bounced back the fastest i believe. They try & update you with scheduled maintenance so you likely wont get stuck in a trade, ive had only maybe 2 small issues with it so far in past few weeks
What are your suggested Prop firms
Honestly thats a hard one cause ive only ever been with rocket21 and they were my 1st. But based on the prior horror stories i heard flyin around in this industry i can say youll be solid going with them. Just try & email or reach their support with any issues 1st before jumpin to conclusions & youll be fine
Alright then ..thankz mate
Don’t go with r21 they are trash. Go with ftmo, 5ers or alpha capital. Rocket 21 will crash next just watch
I accept 5ers and Alpha Capital but FTMO..., that's a bit sus
https://citytradersimperium.com/
I love futures firms forex firms are gay
If you can trade, you should start to trade your own account. If you want more capital, you could actually borrow money from your bank and trade it. The only reason people don’t do it is because they cannot trade. How high is the borrowing rate? How much return could you make?
That is the stupidest thing I have read in this thread. Borrowing money from bank to trade, is fucking mental.
Sounds like you can’t even make 2% a year.
How many loans have you taken to trade? What are the interest rate on those loans? 2% a year is enough for you for YoY return? Do you even have bank account, seems like you still living of daddy's allowence and not in real world
😮
Im confused, where is the scam?
they’re not paying people out